In the call of the first quarter results, Armstrong says that Williams affairs “shoot all cylinders”
Williams is better positioned than any other business to benefit from the next wave of natural gas demand from the electricity production, industrial reshoring and LNG exports, while continuing to meet the traditional market needs, said the president and chief executive officer, Alan Armstrong, analysts during a call for the profits of the first quarter 2025.
“Our company shoots all cylinders, and we have history of predictable and growing revenue generation in a variety of economic cycles,” he said. “It is really amazing, when you take a step back and consider all the facets of our company which offer high performance growth opportunities.”
Armstong said that electricity generation projects such as Williams' Socrates project in Ohio will provide market solutions to the market for growing demand.
“Williams will invest around $ 1.6 billion to provide a production of engaged electricity and a gas pipeline infrastructure associated with our client. We are at all vapor in front of this project and plan to finish construction in the second half of 2026. ”
Extension projects
Armstrong has also announced a new project, Transco's Power Express Pipeline, scheduled for existing control corridors. The expansion of 950 million cubic feet per day (MMCF / J) on the markets north of station 165 will help serve the Virginia region eager for power.
“This project will provide the same type of return as our project to improve the Southeast supply, and the demand for this capacity has been robust,” he said.
He noted that during the first quarter, Williams began the construction of Alabama Georgia Connector in Transco and the expansion of Mountainwest's reversal in the working-class direction and placed the South-East Transco Energy Connector and Texas at the Louisiana Energy Pathway Projects in service. In addition, Williams has placed the Deepwater Projects and Blymore whale in service.
Armstong also said that the company had acquired 10% interest in Cogentrix Energy, improving market intelligence and giving Williams an overview of how to better serve emerging electrical markets with natural gas food.
In a Interview with Fox BusinessArmstrong said the future of the company was brilliant.
“What is really exciting is the way our long -term growth horizon presents itself, which continues to impress us frankly, even if we have very great ideas about what the future will look like the demand for natural gas, the kind of opportunities that really happen to us.”
